As I have talked about for several months, OPEC and OPEC + have again reached the global power that they originally desired. The United States shale revolution held that in check and reduced their influence […]
Oil forecasters have parted company on their views about demand in the coming months, as the omicron variant of the Covid-19 virus spreads rapidly around the world. And producers have emerged as the surprising bulls […]
Energy News Beat Publishers Note: There may be a dip in demand on the fear of the new variant B.1.1.529. That being said, the Texas Department of Health posted the following on their website. I […]
Imports of the fuel declined due to lack of foreign exchange Africa’s largest crude producer yet to tap huge gas reserves Nigerians are turning to the use of firewood and charcoal for cooking due to […]
Zimbabwe’s state-owned power utility expects to complete the addition of coal-fired units next year, bucking a global trend to reduce reliance on fossil fuel. The $1.5 billion expansion by Zimbabwe Power Company and China’s Sinohydro will finish […]
The history of Africa’s energy sector appears to be characterised by success followed by failure, forward movement and then stagnation. But is this a realistic assessment of the continent’s power sector, and more importantly, how […]
Taipei, 12 May (Argus) — South African bank Nedbank has halted all direct funding of new oil and gas exploration projects as part of its commitment to align its business with the Paris climate agreement’s […]
North America will see sustained activity growth in US land and offshore starting in second quarter, especially once spring breakup in Canada is finished in a month or so, Olivier Le Peuch, the company’s CEO, […]
Italy’s Eni is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company […]
LAGOS: Solar power supplier Starsight has expanded a senior debt facility by $10 million to broaden its offerings and generation capacity in Nigeria and Ghana, the company said on Thursday. The expanded facility, completed with development financiers Finnfund […]
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